Pre-opening Comments for Wednesday July 16^th

U.S. equity indices were mixed this morning. S&P 500 futures were up 11 points at 8:35 AM EDT

S&P 500 futures added 10 points following release of the June Producer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus an upwardly revised 0.3% increase in May. Actual was unchanged. Excluding food and energy consensus was a 0.2% gain versus upwardly revised 0.4% gain in May. Actual was unchanged.

JB Hunt Transport (JBHT) dropped $1.86 to $147.00 after reporting less than consensus second quarter earnings.

Omnicom (OMC) added $0.97 to $71.75 after reporting higher than consensus second quarter revenues.

Global Payments (GPN) added $4.19 to $81.80 on news that Elliot Management has taken a stake in the company. Seasonal influences are favourable until October 9^th. See seasonality chart at www.EquityClock.com

Johnson & Johnson (JNJ) added $3.58 to $158.75 after reporting higher than consensus second quarter results.

EquityClock’s Outlook for July 16^th 2025

How to position around June’s Consumer Price Index (CPI) report. See:

https://equityclock.com/2025/07/15/stock-market-outlook-for-july-16-2025/

Technical Notes

China Large Cap iShares (FXI) moved above $37.10 extending an intermediate uptrend.

Global X Uranium ETF (URA) moved above $39.30 to a 13 year high extending an intermediate uptrend.

U.S. Healthcare Providers iShares (IHF) moved below $44.56 to a four year low extending an intermediate downtrend.

Franco-Nevada (FNV.TO) a TSX 60 stock moved below Cdn$214.24 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 15^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for July 15^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 15^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

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Small Caps Ready to Roll? Our New Chartlist Spots the Hottest – Trading Places Live! July 15, 2025: Tom Bowley

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S&P 500 Momentum Barometers

The intermediate term Barometer plunged 11.20 to 60.20. It remains Overbought. Daily down trend was established.

The long term Barometer dropped 4.60 to 57.00. It changed from Overbought to Neutral on a drop below 60.00.

The short term Barometer (20 days) plunged 19.80 to 49.80.

TSX Momentum Barometers

The intermediate term Barometer dropped 6.10 to 77.00. It remains Overbought. Daily downtrend was extended.

The long term Barometer slipped 0.94 to 80.75. It remains Overbought.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.

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